725 Shares in Visa Inc. (NYSE:V) Purchased by Hoge Financial Services LLC

Hoge Financial Services LLC bought a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 725 shares of the credit-card processor's stock, valued at approximately $229,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB raised its position in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after acquiring an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC raised its position in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after acquiring an additional 610 shares in the last quarter. Telos Capital Management Inc. raised its position in Visa by 3.7% during the third quarter. Telos Capital Management Inc. now owns 62,538 shares of the credit-card processor's stock worth $17,195,000 after acquiring an additional 2,234 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Visa by 15.2% during the third quarter. Foundations Investment Advisors LLC now owns 49,994 shares of the credit-card processor's stock worth $13,746,000 after acquiring an additional 6,605 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of Visa in the third quarter valued at about $803,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Buying and Selling

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,885 shares of company stock worth $19,161,447 in the last ninety days. Company insiders own 0.13% of the company's stock.

Visa Price Performance

Shares of V traded down $2.22 during mid-day trading on Friday, reaching $348.27. The company had a trading volume of 6,910,504 shares, compared to its average volume of 5,472,298. The company's 50 day simple moving average is $329.14 and its 200 day simple moving average is $302.03. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $357.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on V shares. Robert W. Baird increased their price objective on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Oppenheimer increased their price objective on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research report on Friday, January 31st. UBS Group increased their price objective on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $355.31.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.